Cost Account Chapter 2 Notes
Cost accumulation
- The collection of cost data in some organized way by means of an accounting system
Direct Costs of a cost object
- They are related to the particular cost object and can be traced to it in an economically
f

ACCT 2600 Cost Accounting Chapter 4 Notes
Differential Analysis
-Process of estimating revenues and costs of alternative actions available to decision
makers and of comparing these estimates to the status quo
Differential Analysis is used for both .
-Shor

Cost Accounting Chapter 10-14 notes
ad hoc discount
-a price concession made under competitive pressure (real or imagined) that does not
relate to quantity purchased
common expense
-incurred for the benefit of the company as a whole
differential cost
-a c

Cost Accounting Test 4 Review Terms and Questions
Standard Cost
-A standard cost is the predetermined cost of manufacturing a single unit or a specific
quantity of product during a specific period.
It is the planned cost of a product under current or anti